What Is The Inflation Rate In Australia 2024. Australia’s inflation rate, or cpi, rose 1.8% in the last quarter and 7.3% annually, overtaking the abs’ june figure as the highest inflation rate since 1990. Australia’s central bank will struggle to maintain low unemployment if inflation stays above its target level.

Services inflation remains high and is expected to decline. On average social inflation in the us rose by 5.4% annually during 2017.